NBCC (India) Q2 FY27 Results: Consolidated Net Profit ₹210 Crore on Total Income of ₹3,456 Crore
- Earnings
- Construction consultancy and real estate
Reviewed byKeshav SehgalBlacklitt Research
NBCC (India) (NSE: NBCC) reported consolidated total income of ₹3,456.23 crore and consolidated net profit of ₹209.85 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹2,965.03 crore and standalone net profit ₹225.24 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹3,456.23 crore, up 14.6% YoY and 48.9% QoQ
- Net profit: ₹209.85 crore, up 33.9% YoY and 32.8% QoQ; ₹206.41 crore attributable to owners
- EPS: ₹0.76 basic, against ₹0.57 a year earlier
- Finance costs: ₹0.02 crore, against ₹0.01 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹2,965.03 crore, up 33.3% YoY and 58.7% QoQ
- Net profit: ₹225.24 crore; year-earlier profit not shown in the figures tables
- EPS: ₹0.83 basic, not annualised
- Dividend: 2nd interim dividend of ₹0.25 per share, record date 11 Nov 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 3,456.23 | 3,017.16 | +14.6% | 2,320.90 | +48.9% | |
| Revenue from operations | 3,395.78 | 2,913.93 | +16.5% | 2,259.53 | +50.3% |
| Other income | 60.45 | 103.22 | -41.4% | 61.37 | -1.5% |
| 209.85 | 156.69 | +33.9% | 158.01 | +32.8% | |
| Profit before tax | 282.03 | 204.75 | +37.7% | 212.79 | +32.5% |
| Finance costs | 0.02 | 0.01 | +48.3% | 0.00 | +334.1% |
| Depreciation | 3.56 | 3.05 | +16.8% | 3.53 | +0.8% |
| Tax expense | 72.18 | 48.06 | +50.2% | 54.78 | +31.8% |
| Net profit margin | 6.07% | 5.19% | +0.88 pp | 6.81% | -0.74 pp |
| EPS, basic (₹) | 0.76 | 0.57 | +33.3% | 0.57 | +33.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew faster than income in the year-on-year comparison. Net profit rose 33.9% against 14.6% growth in total income, and profit before tax rose 37.7%. Revenue from operations rose 16.5%, while other income fell 41.4% to ₹60.45 crore.
Other income is 1.7% of total income this quarter, and finance costs are ₹0.02 crore, so borrowing plays a very small role in the figures. Tax expense rose 50.2% to ₹72.18 crore, faster than profit before tax, which gives a tax expense of 25.6% of profit before tax this quarter.
The statement shows no exceptional item in the quarter. The filing's notes say the ₹80.16 crore write-down of the Kochi project was reversed in the year ended 31 Mar 2026. The Kochi project, carried at ₹87.01 crore, remains unsold pending Environmental Clearance, and the company says it is approaching the State Expert Appraisal Committee for an EC under the Supreme Court's directions of 29 Jul 2026.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,965.03 | 2,224.49 | +33.3% | 1,867.99 | +58.7% | |
| Revenue from operations | 2,889.62 | 2,097.25 | +37.8% | 1,823.04 | +58.5% |
| Other income | 75.41 | 127.24 | -40.7% | 44.95 | +67.7% |
| 225.24 | n/a | n/a | 150.65 | +49.5% | |
| Profit before tax | 291.80 | n/a | n/a | 202.27 | +44.3% |
| Finance costs | 0.02 | 0.01 | +113.3% | 0.00 | +966.7% |
| Depreciation | 2.63 | 2.16 | +21.5% | 2.57 | +2.4% |
| Tax expense | 66.56 | n/a | n/a | 51.62 | +28.9% |
| EPS, basic (₹) | 0.83 | n/a | n/a | 0.56 | +48.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone revenue from operations rose 37.8% year on year to ₹2,889.62 crore, and total income rose 33.3%. Other income fell 40.7% to ₹75.41 crore, which is 2.5% of total income and 25.8% of profit before tax of ₹291.80 crore.
Against the previous quarter, net profit rose 49.5%, slower than total income's 58.7% rise.
Standalone tax expense of ₹66.56 crore is 22.8% of profit before tax.
Inference
The auditors' conclusion on both statements is unmodified. Their emphasis of matters covers the Naya Raipur land, the Faridabad land where the conveyance deed is not executed, the NBCC Plaza demand, the Kochi project, and a DVAT demand of ₹404.80 crore that the filing says is not ascertainable as a contingent liability.
The auditors also say the Board does not have the requisite number of Independent Directors and that the Audit and Nomination and Remuneration Committees were not in compliance during the quarter and half year. The Board approved a scheme of merger of wholly owned subsidiary HSCC (India) Limited, and the Ministry of Corporate Affairs issued the First Motion Order on 09 Oct 2026; the scheme still needs further approvals.
The second interim dividend of ₹0.25 per share has a record date of 11 Nov 2026, and the filing says it will be paid within the period set by the Companies Act, 2013. The filing does not say when the Kochi project may resume sales, what the DVAT outcome may be, or what effect the Australia branch opened on 11 Sep 2026 will have on revenue or profit.
Filed with BSE on . Reference: Original filing (PDF)
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